LM Funding America, Inc. Provides Year-End Business Update; Reports Successful Repositioning Into Bitcoin Mining Strategy; FY22 EPS $3.76; FY22 Revenue $1.7M
Benzinga
Mar 31, 2023
Financial Highlights
Total revenue for the twelve months ended December 31, 2022, was approximately $1.7 million, an increase of $0.8 million, or 93% from $0.9 million for the full-year 2021. The increase was primarily due to an increase in Bitcoin mining revenue of $0.9 million that was predominately generated in the fourth quarter of 2022 in connection with the commencement of our Bitcoin mining operations in late 2022.
Cash of approximately $4.2 million, digital assets of $0.9 million, and working capital of $8.3 million as of December 31, 2022.
Total LMFA stockholders' equity of $49.2 million and net equity per share of $3.76 as of December 31, 2022. (Calculated as LMFA stockholders' equity divided by 13,091,883 shares outstanding as of December 31, 2022)
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